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SAN FRANCISCO, United States (AFP) — Tumblr founder and chief David Karp on Monday announced he is leaving the nearly 11-year-old blogging platform — with his departure coming in the wake of Verizon buying parent-company Yahoo. Karp said that he will leave by the end of this year and chief operating officer Jeff D’Onofrio will take his place at the helm of Tumblr. “I beg you to understand that my decision comes after months of […]
WASHINGTON, United States (AFP) – Internet pioneer Yahoo ended its two-decade run as an independent company on Tuesday, completing the sale of its core online assets to telecom giant Verizon. Yahoo’s chief executive Marissa Mayer resigned as expected, as Verizon finalized the $4.48 billion deal integrating the Yahoo internet operations into a new unit called Oath, which includes another former sector leader, AOL. Tim Armstrong, former chief executive officer of AOL, now holds the same […]
